Giovedì, 20 Settembre 2018
TURIN

Fiat Industrial posts 297-million-euro net profit

English
© ANSA

Turin, October 31 - Fiat Industrial presented
strong results for the third quarter of 2012 on Wednesday
despite the global economic downturn, posting net profits of 297
million euros.
This represented a 45.6% improvement on the net profit of
204 million euros the group registered in the same period of
2011.
Fiat Industrial is the company that holds together the
non-auto activities that used to be part of the Fiat Group and
were spun off in 2010.
Its activities include the production of trucks, commercial
vehicles and buses under the Iveco marque, agricultural and
construction equipment with the CNH company and the FPT
Industrial subsidiary that is specialized in the design and
production of propulsion and transmission systems.
It said that third-quarter revenues totaled 6.3 billion
euros, up 7.9% on the same three months in 2011 , as "continued
robust growth for agricultural equipment more than compensated
for weaker trading conditions in other businesses".
It said its trading profit was 575 million euros, up 91
million on the July-September period in 2011.
"The Group now expects to close 2012 with revenues above 25
billion euros, trading profit in excess of two billion euros,
net profit of approximately 0.9 billion euros, and net
industrial debt between 1.2 and 1.5 billion euros," a statement
said.

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